Wereldhave: New Strategy - Results FY 2019

Date : 02/06/2020 @ 6:00PM
Source : GlobeNewswire Inc.
Stock : Wereldhave NV (WHA)
Quote : 6.67  0.115 (1.75%) @ 2:01AM
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Wereldhave: New Strategy - Results FY 2019

Wereldhave NV (EU:WHA)
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2 Months : From Jan 2020 to Mar 2020

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Wereldhave: New Strategy - Results FY 2019

Schiphol, 7 February 2020 – Following a thorough assessment of its current portfolio versus fundamental market andconsumer trends and insights, Wereldhave has decided to initiate a major transformation of its portfolio. The company willmove from a pure retail focus to a ‘life central’ focus for its assets, whereby shopping centers will be converted into ‘FullService Centers’. These offer consumers a balanced mix of retail, high-quality food & beverage, entertainment, fitness,wellness, healthcare, co-working space offices, residential use and services. It will enable consumers to get more out of life,tenants to get more out of their business and shareholders to get more out of their investment. It caters to the increasedimportance of sustainability and the rise of ‘shopping as a social experience’ and the longing for more balance in the hecticeveryday life. This new strategy comes at a time when Wereldhave’s direct and indirect results continue to decline, andmarket developments cause a significant devaluation of our assets.

Attachment

  • Press release New Strategy - Results FY 2019 Wereldhave
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